3 ms·
I am aware of the "news" reporting fake information, there is no indication to this story why "105 million" would "disappear", or why Orange and Osceola count
by syshum 4y ago
I am aware of the "news" reporting fake information, there is no indication to this story why "105 million" would "disappear", or why Orange and Osceola counties would have to provide services to Disney with out taxing them for the services like every other tax payer.
Reedy Creek is a special tax district designed to REDUCE Disney's cost by enabling them to provide some traditional government services themselves and not having to pay the associated taxes to the counties.
With the dissolving of Reedy Creek Disney yes Orange and Osceola counties will have to provide service but they are also going to collect additional taxes for those services.
- 8note 4y agoAre they actually going to collect those taxes though? I think it's most likely that the services will just disappear
- stevenhubertron 4y agoThe debt won’t disappear. The taxpayers will have to pick that up.
- FFRefresh 4y agoI've had a difficult time trying to find any context on that part of the ledger for this decision. Most of the stories I've seen are slanted in a partisan direction. From what I can surmise from this link [1], it sounds like the plan is to create new taxes for it. Here's a snippet from that article: > Fine acknowledges that the local entities where Reedy Creek lies will pick up the Reedy Creek's debt once the district is dissolved, but says those local governments can create Municipal Service Taxing Units (MSTU) that would also "pick up the revenue that would be going to pay for the debt." He insists that "There's no impact to taxpayers." [1] https://www.foxbusiness.com/politics/disney-stripped-special-status-florida-local-taxpayers https://www.foxbusiness.com/politics/disney-stripped-special...